Still no news on second tranche, what we do know is that management and staff account for 1.3 mil dollars worth of shares. Which is a good start, maybe get an anns from them on tuesday our time. Hopefully stating second tranche completed. Attached or maybe a seperate ann once again hopefully stating that the frack is complete on Mackintyre and all equipment has been demobilised and at least on its way if not allready setting up for baldwin frack.
I wouldnt expect any mention of oil, because they would have no idea at this stage, that would need to wait until after clean up and flow back is complete. So several weeks away from that news, but there is so many things can go wrong in fracking a well, that it would be music to my ears just to know it went reasonably smoothly, this would be a great achievment in itself in my mind.
There was good volume in Canada last night price held above CR price. Im sure some SH would be happy to exit with a few cents gain from the first tranche CR, plus be able to hold on to the free attaching warrant, not exercisable until 2014 at 90 cents, not a bad deal really.
Starts getting exciting from this point on, as we lead upto the all important flow rates news, first from OWEN.
Lets hope Santa can bring us some good cheer this Christmas
Cheers LWR
BKP Price at posting:
1.3¢ Sentiment: LT Buy Disclosure: Held
